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Posts tagged "Divorce"

Some traits that break up marriages

Many Tennessee couples know that certain behaviors contribute to marriages breaking up. These include sarcasm, criticism, stonewalling and contempt. Contempt has actually been identified as the main predictor of divorce. There are other silent relationship killers as well.

Assuming a mortgage in a divorce isn't always the best option

In most Tennessee divorces, a home is the largest single asset belonging to the couple. When assets need to be divided, splitting property can be problematic. Both parties may want to continue residing at the home or one partner might not wish to remain on the mortgage.

Ways to determine if a spouse has hidden assets

Some Tennessee residents who are going through a divorce may suspect that their spouses are hiding income. One way to determine if this is true or not is to look over their federal income tax return. This document can contain a variety of clues as to a spouse's true financial picture. For instance, a person could discover if a husband or wife is paying more than necessary to the IRS.

Holiday transitions after a divorce

When Tennessee parents decide to divorce, the winter holidays can be an especially difficult time for all members of the family. This is particularly true when the divorce or separation is fresh as family members have had little chance to accustom themselves to the changes in family circumstances. Both parents and children may face emotional fallout during the holidays after a divorce, but parents can act to make the experience better for their children.

Financial pitfalls to avoid during a divorce

Divorce is often a time of upheaval and great emotional stress during which spouses are expected to make a series of important financial decisions. The choices made during alimony and property division negotiations can cast long shadows, but divorcing couples in Tennessee who approach these matters dispassionately and listen to the advice of their attorneys, accountants and financial planners may be able to avoid some common pitfalls.

Couples who live together may not last

Some scientists say that the premarital cohabitation effect is not a real phenomenon. However, new research says that Tennessee couples could be impacted by it over the long-term. According to the authors of the study, cohabitation before marriage offers a benefit for the first year of marriage. However, it becomes a factor in whether a couple divorces each year thereafter. Other research concluded that this impact would be negated as cohabitation became more common and accepted.

Gray divorce can lead to health issues

Many Tennessee estranged couples know that divorce can be extremely stressful for people of all ages. However, research suggests that ending a marriage can be especially hard on people at or over the age of 50, causing a number of physical and psychological issues.

Attorneys say prenups are on the rise

Millennials in Tennessee may be seeking prenuptial agreements in higher numbers than couples from previous generations. In the past, prenups were mostly associated with celebrities and other wealthy people, but in more recent years, that has changed. A survey by the American Association of Matrimonial Lawyers found that almost two-thirds of attorneys reported an increase in prenups over the last three years, and about half said more millennials were seeking them.

Divorce can be a period of major financial changes

There are a range of sudden financial changes that accompany divorce. Often, people in Tennessee find it more difficult to move past the financial aspects of the end of a marriage than the practical or even the emotional aspects. In fact, divorce is often the occasion for financial surprises that can change a person's perception of the financial health of the marriage or his or her plans for the future. One study interviewed 1,785 divorcing or divorced women and found that nearly half experienced major financial surprises.

The role of a home in post-divorce retirement assets

Whether or not to keep the home in a divorce may be a difficult decision for some people in Tennessee to make, especially since there are advantages and disadvantages to either choice. A study by the Center for Retirement Research found that on average, divorced women who remained single tended to have similar assets for retirement as never-married women despite the fact that people who divorce have a 5 percent higher chance of spending all their assets during retirement on average. The difference for women seems to be whether they get the home as an asset in a divorce.

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